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Ponmudi R, CEO at Enrich Money, said, “Control over future gold supply enhances strategic flexibility without implying immediate dominance over the global

Published - February 12, 2026 at 11:40 PM

IT stocks plunge 5.5% as AI disruption fears grip markets

Ponmudi R, CEO of Enrich Money. Stronger-than-expected US jobs data added to the pressure by reducing the expectations of near-term Federal Reserve rate

February 12, 2026 at 09:14 PM

Indian Markets Plunge Rs 2.8 Lakh Crore As Sensex Drops Nearly

RSI is hovering in the mid-50s, indicating neutral momentum without strong directional conviction,” Ponmudi R, CEO of Enrich Money said. On the downside, a

February 12, 2026 at 05:02 PM

silver down $3/oz as strong US jobs data lowers Fed rate cut bets

Ponmudi R, CEO of Enrich Money, said COMEX Silver is currently trading in ... Catch all the Business News , Market News , Breaking News Events and Latest News

February 12, 2026 at 08:53 PM

Heavy selling in IT weighs down Indian stock indices - Devdiscourse

Ponmudi R, CEO of Enrich Money, a SEBI - registered online trading and wealth tech firm. Earlier this week, Indian stock indices rose, taking cues from the

February 12, 2026 at 04:00 PM

Heavy selling in IT weighs down Indian stock indices - Devdiscourse

Ponmudi R, CEO of Enrich Money, a SEBI - registered online trading and wealth tech firm. Earlier this week, Indian stock indices rose, taking cues from the

February 12, 2026 at 04:00 PM

Heavy selling in IT weighs down Indian stock indices

Latest · States · National · Politics · Entertainment; Lifestyle; Food ... Ponmudi R, CEO of Enrich Money, a SEBI – registered online trading and wealth tech firm

February 12, 2026 at 04:57 PM

Indian Markets Plunge Rs 2.8 Lakh Crore As Sensex Drops Nearly

RSI is hovering in the mid-50s, indicating neutral momentum without strong directional conviction,” Ponmudi R, CEO of Enrich Money said. On the downside, a

February 12, 2026 at 05:02 PM

Indian Stocks Dip As IT Counters Nosedive Amid AI Disruption Fears

Ponmudi R, CEO of Enrich Money, a SEBI - registered online trading and wealth tech firm. Market's Recent Performance. Earlier this week, Indian stock indices

February 13, 2026 at 01:06 AM

Heavy selling in IT weighs down Indian stock indices - The Tribune

Ponmudi R, CEO of Enrich Money, a SEBI - registered online trading and wealth tech firm. Earlier this week, Indian stock indices rose, taking cues from the

February 13, 2026 at 01:06 AM

Today Forecast

Pre-Market Outlook

2026-02-1307:39 AM

Indian equity markets are expected to open on a mildly negative note, tracking continued weakness in global equities after a sharp sell-off in technology stocks. Growing concerns over AI-led disruption and fading optimism around near-term global rate cuts, following strong U.S. jobs data are likely to weigh on sentiment. Nearly ?2.80 lakh crore in market capitalisation was erased in the previous session, signalling that traders preferred to lock in gains rather than chase valuations at elevated levels. However, this does not indicate structural damage; rather, it reflects controlled profit booking after a strong rally. FII flows remain supportive in the broader context, while steady DII participation continues to cushion volatility. The undertone has shifted from aggressive optimism to cautious consolidation, with markets entering a digestion phase as investors reassess valuations and global cues. 

Nifty 50

Nifty ended lower on Thursday, breaking out of its recent consolidation band and forming a short-term lower high-lower low sequence. The 26,000 zone remains a strong overhead supply area, reinforced by heavy call writing and repeated rejection. Immediate support has shifted to 25,700. Below this, the 25,650–25,550 zone becomes critical as it aligns with the 20-day and 100-day EMAs, making it an important structural cushion. As long as this broader support band holds, the overall trend remains mildly constructive despite short-term weakness. Momentum indicators are signalling caution. RSI has cooled, and upside strength is fading. A decisive breakdown below 25,700 may extend the decline towards 25,600 or lower levels. On the upside, only a sustained move above 25,900–26,000 can revive bullish momentum, potentially pushing the index towards 26,100–26,300.

Bank Nifty

Bank Nifty continues to outperform relatively and holds firmly above the 60,500 support base. The structure remains positive with higher lows forming on dips, indicating steady accumulation. However, the index remains compressed below the 60,800–60,900 supply zone. A decisive close above 60,850 will confirm bullish continuation and could open upside potential towards 61,500 and possibly record territory. On the downside, 60,500–60,450 remains the first layer of support, while 60,000–59,800 acts as a stronger structural cushion. A breakdown below this band may trigger distribution and profit booking. RSI near 60 is stable but flat. MACD remains positive, though momentum is not expanding aggressively. Overall, Bank Nifty retains a range-bound structure with a positive bias and relative strength compared to the broader index.

Ponmudi R, CEO of Enrich Money

Today Nifty Outlook

NIFTY50

Today Bank Nifty Outlook

BANK NIFTY

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